Blackrock Inc. Earnings Retreat 14% In Q1

(RTTNews) - Blackrock Inc. (BLK) revealed earnings for first quarter that fell from last year.

The company said its earnings totaled $711 million, or $4.25 per share. This was down from $830 million, or $4.89 per share, in last year's first quarter.

Analysts had expected the company to earn $4.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.7% to $2.62 billion. This was down from $2.72 billion last year.

Blackrock Inc. earnings at a glance:

-Earnings (Q1): $711 Mln. vs. $830 Mln. last year. -Earnings Decline (Y-o-Y): -14.3% -EPS (Q1): $4.25 vs. $4.89 last year. -EPS Decline (Y-o-Y): -13.1% -Analysts Estimate: $4.29 -Revenue (Q1): $2.62 Bln vs. $2.72 Bln last year. -Revenue Change (Y-o-Y): -3.7%